India's first unicorn startup InMobi has started preparations for an IPO in India. The company is aiming to raise over $500 million (approximately Rs 4200 crore). For this, talks are underway with leading banks like Kotak Mahindra, Axis Capital, and JP Morgan. The company expects a market valuation of $4 to $5 billion.

InMobi plans to accept another round of investment (Pre-IPO round) ahead of the IPO. In addition, the process of shifting the company's headquarters from Singapore to India (reverse flip) is also in progress. After buying back shares from major investor SoftBank, the majority of the company's shares are now held by the founders.

InMobi, which started operations in 2007, is a global advertising company powered by AI technology. Their services reach over 2 billion users in 150 countries. One of their core businesses is the smartphone lock screen platform 'Glance'. In 2011, Inmobi became India's first unicorn (a startup valued at $1 billion).